Greater supply of females weighs on cow prices

Finished cattle (boi gordo) prices in Brazil’s main cattle-producing states trended moderately downward over the past week, though indications suggest this trend could level off in the near term. According to Scot Consultoria’s references, the average price for male for slaughter stood at R$306.9 per arroba, with 30-day payment terms, excluding the Funrural tax. The weekly drop was R$1.2. In São Paulo, prices remained stable at R$320 per arroba for “common” male, with a R$2 premium for so-called “China boi,” animals under 30 months of age at slaughter.